City of Regina Business Grant Matches up to $25,000 RERG Phase 2 Applications Open Next Week
Starting Tuesday, December 15, Regina businesses can apply for up to $25,000 in matching grant funding through Phase 2 of the Regina Economic Recovery Grant (RERG) program.
“The City of Regina recognizes and supports the many ways that local businesses are reshaping their services or products to comply with public health orders and stay competitive,” said Mayor Sandra Masters. “Since initiating the program with Phase 1 in August, approximately $278,500 has been distributed to 127 local businesses to assist with expenses related to COVID-19. Now, Phase 2 will focus on supporting longer-term initiatives and larger investments that businesses are undertaking to become more sustainable or significantly alter their operations for the future.”
The launch of Phase 2 was accelerated from its original January start date to help alleviate continued financial pressure that Regina businesses are facing due to the pandemic.
“The scope of eligible expenses is very broad and intended for investments that will help businesses transform or diversify, provide community impact, leverage partnerships, or create new jobs, among other core criteria,” said Deborah Bryden, Director of Assessment and Property Revenue Services. “We look forward to seeing businesses throughout the city take advantage of the next phase of the program.”
Applications can be submitted online weekly at Regina.ca/recovery. A new intake period begins every Tuesday, enabling the City to process applications and award funding in a timely manner, typically no more than two weeks after applications are submitted and verified.
Matching grants of $1,000, $2,500 and $5,000, and $10,000 will also continue to be available throughout Phase 2. To date, Phase 1 recipients have used funding in many ways including developing their online sales platforms, purchasing equipment to offer new services, and helping cover the costs of supplies needed to bring staff back to work safely.
Visit Regina.ca/recovery for full information about the Regina Economic Recovery Grant and to apply.